The Conference Board Leading Economic Index® for India Increased in May - KCBD NewsChannel 11 Lubbock

The Conference Board Leading Economic Index® for India Increased in May

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE The Conference Board

MUMBAI, India, June 18, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for India increased 0.7 percent in May. The index stands at 181.0 (2004 = 100), following a 1.4 percent increase in April and a 0.3 percent increase in March. Seven of the eight components contributed positively to the index in May.

"Financial indicators and exports contributed to May's large increase in the Leading Economic Index for India," said Jing Sima, Economist at The Conference Board. "Sentiment and consumption have also rebounded sharply on the back of a positive outcome from the May general election. The acceleration in the six-month growth rate of the LEI suggests a pickup in the pace of economic expansion in the coming months."

Bart van Ark, Chief Economist at The Conference Board, added: "May's movement in the LEI confirms a solidifying of the economic outlook for India over the next few months. The newly elected government will have an opportunity to benefit from improved confidence, although rising food and energy prices remain challenging to a sustained economic recovery."

The Conference Board Coincident Economic Index® (CEI) for India, which measures current economic activity, increased 0.7 percent in May to 203.1 (2004 = 100), following a 1.1 percent increase in April and a 0.7 percent increase in March. Two of the four components contributed positively to the index in May.

The Conference Board LEI for India aggregates eight economic indicators that measure economic activity in India. Each of the LEI components has proven accurate on its own. Aggregating individual indicators into a composite index filters out so-called "noise" to show underlying trends more clearly.

About The Conference Board Leading Economic Index® (LEI) for India 

The Conference Board Leading Economic Index® for India was launched in September 2013. Plotted back to April 1990, this index has successfully signaled turning points in the economic cycles of India. The Conference Board also produces LEIs for Australia, Brazil, China, the Euro Area, France, Germany, Japan, Korea, Mexico, Spain, the United Kingdom, and the United States.

The eight components of The Conference Board Leading Economic Index® (LEI) for India include:

Interest Rate Spread (10-Year Government Bond minus 91-Day Treasury Bill) (RBI)
Stock Prices: SENSEX Average (Bombay Stock Exchange Limited)
Real effective exchange rate index, 36 countries (RBI)
Real Money Supply: M3 Bank Credit to Commercial Sector (RBI)
Merchandise Exports, f.o.b. (Ministry of Commerce and Industry)
Cargo Handled: Domestic and International (Airport Authority of India)
IP: Capital Goods (Central Statistical Organization)
PMI: Services Business Activity (HSBC/Markit)

For more information including full press release and technical notes:
https://www.conference-board.org/data/bcicountry.cfm?cid=13

To view The Conference Board calendar of 2014 indicator releases:
http://www.conference-board.org/data/

About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. For additional information about The Conference Board and how it can meet your needs, visit our website at www.conference-board.org.

Follow The Conference Board
Twitter | Facebook | LinkedIn

Summary Table of Composite Economic Indexes










2014

6-month


Mar

Apr

May

Nov to May









Leading Economic Index

177.3

r

179.7

p

181.0

p


     Percent Change

0.3

r

1.4

p

0.7

p

2.2

     Diffusion

37.5


81.3


81.3


81.3









Coincident Economic Index

199.6

r

201.7

r

203.1

p


     Percent Change

0.7

r

1.1

r

0.7

p

2.2

     Diffusion

50.0


50.0


50.0


25.0









n.a. Not available      p Preliminary      r Revised

Indexes equal 100 in 2004

Source: The Conference Board           All Rights Reserved

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow

5600 Avenue A
Lubbock, TX. 79404

FCC Public File
publicfile@kcbd.com
806-744-1414
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KCBD. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.